There is a newer version of the Michigan Compiled Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2006 Michigan Compiled Laws - CHAPTER 15 INSURANCE PREMIUM FINANCE COMPANIES (500.1501...500.1514)

THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
Chapter 15
INSURANCE PREMIUM FINANCE COMPANIES

DocumentDescription
Section 500.1501Inapplicability of chapter.
Section 500.1501aFinancial institutions; application of chapter.
Section 500.1502Insurance premium finance companies; definitions.
Section 500.1503License requirements; violation, penalty; fees, renewal, application.
Section 500.1504License investigation of applicant; issuance, grounds, hearing, bond.
Section 500.1505Premium finance company; license; revocation or suspension; grounds; hearing; penalty; appeal.
Section 500.1506Premium finance transaction records; examination; preservation.
Section 500.1507Insurance commissioner; regulatory powers.
Section 500.1508Premium finance agreement; requirements; specifications; items; subsidiary companies.
Section 500.1509Premium finance company; authorized charges; service charge; amending original contract where balance of premium due changed.
Section 500.1510Insurance premium finance agreement; delinquency charge; cancellation charge.
Section 500.1511Premium finance agreement; cancellation of insurance, procedure, notice, refund.
Section 500.1512Premium finance agreement; filing not required.
Section 500.1513Existing companies; license, fee.
Section 500.1514Insurance commissioner and employees; statement of expenses and charges, payment; employment of expert personnel.

Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.